Short Interest in Intelligent Living Application Group Inc. (NASDAQ:ILAG) Decreases By 45.4%

Intelligent Living Application Group Inc. (NASDAQ:ILAG) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 41,397 shares, a drop of 45.4% from the June 15th total of 75,827 shares. Based on an average trading volume of 144,177 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.1% of the shares of the company are short sold.

Intelligent Living Application Group Price Performance

NASDAQ:ILAG opened at $3.70 on Wednesday. The business’s fifty day moving average is $3.64 and its 200 day moving average is $3.32. The company has a current ratio of 1.97, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. Intelligent Living Application Group has a 52-week low of $2.04 and a 52-week high of $9.56.

Intelligent Living Application Group (NASDAQ:ILAG) last posted its earnings results on Friday, April 24th. The company reported ($3.40) earnings per share for the quarter. The business had revenue of $1.09 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Intelligent Living Application Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Intelligent Living Application Group currently has an average rating of “Sell”.

Intelligent Living Application Group Company Profile

Intelligent Living Application Group Inc, through its subsidiaries, manufactures and sells mechanical locksets to customers in the United States and Canada. Its mechanical locksets consist of deadbolts, entry locksets, privacy locksets, and passage locksets as well as storerooms locks. The company offers locksets for outdoors comprising main entrances and gates, and indoor uses. Intelligent Living Application Group Inc was founded in 1981 and is headquartered in Kwai Chung, Hong Kong.